Tikehau Capital has successfully raised a record €1.2bn for the third generation of its special opportunities strategy, exceeding its initial target of €1bn and nearly doubling the size of the previous vintage, which closed at €617m.
The fundraise includes Tikehau Special Opportunities III (TSO III), the flagship vehicle for the Group’s special opportunities strategy, which has reached a final close, and bespoke mandates and side vehicles.
Launched in 2023, TSO III maintains a flexible investment mandate, providing corporate and asset-backed capital solutions across primary and secondary credit markets in Europe. This opportunistic and multi-sector approach supports the fund to invest through various market cycles and macroeconomic environments.
Managed by a dedicated team of 14 specialists with deep market know-how, TSO III leverages the expertise and network of Tikehau Capital’s broader investment platform across credit, private equity, real estate, and capital markets aiming to source and execute investment opportunities that offer an asymmetrical risk/reward profile.
According to a press statement, to date, the fund has invested in 13 companies, deploying 55% of its capital through closed and secured investments and has already completed its first exit.
The fund attracted a diverse base of global investors, with significant commitments from pension funds, insurers, family offices, and sovereign wealth funds.
